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Korean Air and Shell sign SAF agreement | Biofuels International Magazine

Korean Air and Shell sign SAF agreement | Biofuels International Magazine
biofuels-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuels-news.com Daily Mail and Mail on Sunday newspapers.

Hyundai Heavy Industries Goes All-In for Big Data With Palantir

Conglomerates enter emergency management, reduce investments

Major companies are taking a conservative approach as the economy is taking a rapid downturn, by shrinking investments and production to cope with the surging inflation, high exchange rates and interest rates, according to company officials, Sunday. Major domestic companies have entered emergency management amid the worsening economic situation. On Sept. 29, LG held an offline CEO workshop for the first time in three years to discuss mid- to long-term management strategies. Samsung also discussed current economic issues through a meeting of CEOs on Sept. 26, while SK is scheduled to hold a “CEO seminar” this month.

Palantir, Hyundai Heavy Expand into Shipbuilding

Companies halt large investments amid deepening economic downturn

Fears of a perfect storm of a strong U.S. dollar, soaring inflation and rising interest rates have forced a growing number of major conglomerates here to postpone or retract their investment plans domestically and overseas, according to industry officials, Wednesday. With the Korean currency weakening to a 13-year low of 1,440 won against the U.S. dollar during intraday trading on Wednesday and the benchmark KOSPI showing continuous downward movement, Korea s major companies are taking preemptive measures against an economic recession.

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